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.6 trillion of new revenue. boehner had agreed to $800 billion. it's not hard to find $1.2 trillion as a kind of middle ground to that. then you want to have $4 trillion of total deficit reduction, so that leaves $2.8 trillion of spending reductions that have to happen. here's what people miss. we can avoid going over the cliff with the stroke of a pen. they can just extend all this stuff and kick the can down the road. the real question is are we going to have a big deal? are we going to agree on the major spending restraints that we need as well as the tax stuff in order to actually get the deficit under control? and i think the betting on that is less than 50%. i think we have a great shot at it. but it's going to be really, really hard. >> is that the view from wall street, too? they're not totally confident that this is going to happen? >> what you see in the stock market at the moment is that wall street is not totally confident. that's for sure. >> all right. steve, thanks so much. >> pleasure. >>> coming up, independent senator-elect of maine, angus king joins the conversation. he's a
to acknowledge speaker john boehner and house majority leader cantor and our democratic leader nancy pelosi for their support of this bill. i thank my colleagues, the gentlelady from guam, and also from the northern mariana islands, ms. bordallo, and mr. sablan, for their co-sponsorship of this bill. mr. speaker, today american samoa faces a serious problem of tobacco smuggling, as i'm sure it's the same with the other territories. according to a recent study two years ago, as many as five million, five million d 5,792,924 cigarettes were smuggled into the territory. the study found that tobacco smuggling resulted in the loss of about $724,,116 in revenues to the american samoa government. if continued undeterred, tobacco smuggling in the territories will include to heavier losses in local tax revenues, especially if cigarettes' excise tax rates were to be increased. mr. speaker, in this age of government fiscal responsibility, securing and sustaining stable resources of local revenue streaming is essential and must be encouraged for the territories. it was for this reason why i began to lo
. the caucus urges you to join speaker boehner today in the rayburn room at 11:00 a.m. as he honors dr. james billington and his exemplary quarter century of leadership at the library of congress. the speaker pro tempore: for what purpose does the gentleman from new jersey rise? the gentleman is recognized for one minute. >> madam speaker, i rise to congratulate mr. wade martin of montgomery township, new jersey, for being awarded the 2012 land trust alliances prestigious national conservation service award for his significant contributions to the advancement of land conservation. mr. lance: using his position as financial advisor, mr. martin is educating his clients to the benefits of land preservation. his provided land trust and owners across new jersey for the benefit of land conservation. wade martin has taken his innovative land model nationwide to other financial advisors and their clients explore various options in preserving their land and their families' legacies, increasing the pace of land conservation. i ask all of my colleagues to join me in honoring wade martin as one of the na
Search Results 0 to 3 of about 4 (some duplicates have been removed)